US High Net Worths 2006
Amy Cole
amy.cole na researchandmarkets.com
Pátek Říjen 20 20:18:14 CEST 2006
I enclose details of our latest US High Net Worths Report.
As in many markets, the past few years have been a testing time for US wealth managers as both personal wealth and the resulting revenues have been hit by the global downturn and the bursting of the tech bubble. Since 2003 however, the situation has improved and this report examines the recent developments both in terms of market growth and competition to provide an insight into this key market.
Scope of this title:
- Sizes and forecasts the number and aggregate onshore liquid assets of high net worth individuals in the US from 2001-2010 across five asset bands
- Identifies the key competitors for those services and analyses the current competitive environment in the US
- Utilizes our proprietary Global Wealth Model and in-depth interviews with senior executives from some of the top US wealth managers
Highlights of this title:
- High net worth individuals hold 66% of the total mass affluent and high net worth liquid wealth in the US. The highest levels of liquid wealth were in the highest USD10m+ and lowest USD300k USD400k asset bands, which represented 14% and 15% of total high net worth liquid assets respectively.
- Granting U.S. investors access to global markets is going to be the most prominent issue for the next few years, according to industry experts. Investors will begin to demand investment products that grant them international exposure, so as to take advantage of growth opportunities in growing markets such as India or China.
- Assets held by high net worth individuals in the U.S. will grow by 37% over the next five years, from USD14bn to USD19.2bn. The highest two asset bands, USD4m 10m and USD10m+ will constitute just over a quarter of all liquid wealth held by high net worth individuals in the U.S. over the next five years;
Reasons to order your copy:
- Identify how large the US wealth management market is and how much you could gain by entering the market
- Identify the key US wealth managers, where you fit in among them and their current considerations with regard to competing in this market
- Use the market sizing forecasts and key future trends to shape your US wealth management strategy going forward
For a complete index of this report click on:
http://www.researchandmarkets.com/product/731dcd/us_high_net_worths_2006
Report Index:
Chapter 1
Executive summary
Market context
Competitive Dynamics
The Future Decoded
Chapter 2
Introduction
What is this report about?
Who is the target reader?
How to use this report
Chapter 3
Market context
Introduction
Key findings
Just over 20% of the U.S. population is classed as a mass affluent or high net worth investor
There were 14 million HNW individuals in the US in 2005
HNW individuals in the US controlled USD12,717bn in liquid onshore assets in 2005
The US high net worth market now exceeds the levels attained before the market downturn of 2001
The number of high net worth individuals in the US has grown by 18% between 2001 and 2005
The assets held by US high net worths have grown by 23.2% between 2001 and 2005
Regional income distribution in the US varies significantly
New Hampshire, New Jersey & Maryland are the richest U.S. states
Data tables
Chapter 4
Competitive dynamics
Introduction
Key findings
There are few key competitors in the US HNW market
Smaller competitors have developed a number of strategies to differentiate themselves
Competitor Profile: Citigroup Private Bank
Citigroup Private Bank is the first company to bring banking, insurance & investment services to U.S. clients under one umbrella
Competitor Profile: UBS Wealth Management
UBS positions itself as the worlds leading wealth management firm
Competitor Profile: Merrill Lynch
Merrill Lynch has client assets totaling USD1.8tn
Competitor Profile: JP Morgan
JP Morgan is one of the leading financial services firms in the world, with offices in more than 50 countries
Market Issues
Regulation had a high impact on competitors in the US HNW market in 2005
Rule 202 a burden on some banks in the U.S. high net worth market
Sarbanes-Oxley Act has placed considerable strain on regulatory compliance and resources in the U.S. high net worth market
The Patriot Act has added to the regulatory strain placed on U.S. wealth management firms
Mergers, acquisitions and consolidation activity was low in 2005
Structured products were popular among US HNW clients in 2005, although the way a firm approaches these products is vital to their success
Tax reductions have stimulated investment market participation
Acquiring and retaining quality staff continued to be an issue for many competitors
There has been more of a focus on client service rather than product innovation in the U.S. high net worth market
Lack of scalability is preventing banks from reaching the very richest clients
70% of high net worth households in the U.S. are looking at alternative assets such as hedge funds
Chapter 5
The future decoded
Introduction
Key findings
The number of HNW individuals in the US is set to increase by roughly 34% by 2010
Assets held by US HNWs will grow to USD19.2bn over the next five years
Giving investors access to global investments will affect the market most over the short term
Investors may begin to shift to the bigger weath management firms
World Wealth Report shows that investors are looking to amplify their global holdings
U.S. high net worths on average, allocate more than three quarters of their portfolios to domestic holdings
Firms will increasingly have to provide a comprehensive wealth management service
US wealth management firms anticipate increasing strength of internet-based and independent firms over the coming year
The U.S. high net worth industry will see increased consolidation over the next few years
U.S. private banking market expected to be hugely profitable over the next decade
Leveraging links with communities, marketing to new sectors and building a network of experts identified as key challenges for the U.S. wealth market
The "Baby Boomer" population is expected to be a rich source of future revenue for U.S. wealth management firms
Data tables
APPENDIX
Definitions
CAGR
Mass Affluent
High net worth (HNW)
Liquid assets
Liquid asset bands
Research methodology
Further Reading
Global Wealth Management SPP
Interactive Databases
Market Reports
Strategic Insight Reports
Wealth Management Competitor Tracker
Asia Pacific Wealth Management SPP
Our Global Wealth Model
The UK sub model
Forecasting methodology
SPP writing team
List of Tables
Table 1: US: Number of mass affluent and high net worth individuals, segmented by asset band, USD, 2001 - 2005
Table 2: US: value of aggregate liquid wealth, segmented by asset band, USD, 2001-2005
Table 3: US: value of aggregate liquid wealth, segmented by asset band, USD, 2001-2005
Table 4: Three-year average median household income by state, 2002-2004
Table 5: US: Forecast number of mass affluent and high net worth individuals, segmented by asset band, USD, 2006 - 2010
Table 6: US: forecast value of aggregate liquid wealth, segmented by asset band, USD, 2006-
List of Figures
Figure 1: The highest levels of liquid wealth among high net worth individuals are to be found in the highest and lowest asset bands
Figure 2: The number of U.S. high net worth individuals is expected to grow by nearly 50% over the next five years
Figure 3: Over half of American high net worth individuals have between USD300-500k in liquid assets
Figure 4: The highest levels of liquid wealth among high net worth individuals are to be found in the highest and lowest asset bands
Figure 5: The vast majority of U.S. high net worth individuals have held liquid wealth in the lowest two asset bands since 2001
Figure 6: U.S. high net worth individuals have in general held the most liquid wealth in the highest and lowest asset bands since 2001
Figure 7: Households in New Hampshire, New Jersey and Maryland have the highest median income averaged over three years, 2002-2004
Figure 8: The number of U.S. high net worth individuals is expected to grow by nearly 50% over the next five years
Figure 9: Liquid assets held by high net worth individuals in the U.S. is expected to grow by nearly 50% over the next five years 5
Pricing:
Electronic : EUR 4810
Site License : EUR 5291
Enterprisewide : EUR 9619
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1] Order online at http://www.researchandmarkets.com/product/731dcd/us_high_net_worths_2006
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3] Order by mail: Print an Order form from http://www.researchandmarkets.com/product/731dcd/us_high_net_worths_2006 and post to Research and Markets Ltd. Guinness Center, Taylors Lane, Dublin 8. Ireland.
Thank you for your consideration.
Best Regards,
Amy Cole
Senior Manager
Research and Markets Ltd
amy.cole na researchandmarkets.com
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